Using crypto to buy a VPN enhances your security because these transactions can’t be traced back to you the same way traditional methods like credit cards or PayPal can. There’s no reason not to, it should be a direct competitor to credit card transactions with a lower processing fee and a more secure platform,” Wade said. The best VPN providers accept Bitcoin payments. But as the merchants see other people doing it and seeing that it’s safe, I think accepting Bitcoin will spread like wildfire. “I think everyone was a little concerned in the beginning, nobody wanted to be the first. Customers can pay businesses in Bitcoin without divulging personal information such as names and billing addresses, providing greater identity protection. Paying with Bitcoin also lowers the risk of fraud. For instance, businesses typically pay 2 to 4% per credit card transaction. Did you know that you can use Shibtoken to buy goods and services since 2021 Since then SHIBArmy has had the power to spend SHIB at hundreds of BitPay merchants where Shiba Inu is accepted. The processing fee is generally lower than credit and debit card purchases. There are several advantages to accepting Bitcoin as a form of payment. Bitcoin and precious metals kind of go hand in hand, so it wasn't coincidental that we were one of the first,” said President and CEO of Pinehurst Coins, Vincent Wade. “It felt good to be one of the first to do it, but more importantly, it was just us listening to what our clients wanted. Bitpay works similar to PayPal or ApplePay, allowing customers to pay with Bitcoin during their checkout process.Īlthough businesses are slowly starting to take to the idea of accepting cryptocurrency, a North Carolina based company, Pinehurst Coins, has been using BitPay since 2012. That equals about 17% of the adult population.Ĭurrently, BitPay is accepted at many large companies such as Microsoft, Starbucks, Amazon and Home Depot. Lately we’ve been hearing a lot about companies starting to accept Bitcoin and other cryptocurrencies as a form of payment.Īccording to a survey completed by New York Digital Investment Group, as of April 2021, 46 million Americans now own at least a share of Bitcoin. Bitcoin was invented in 2009 and is a decentralized, peer-to-peer cryptocurrency system that processes transactions through digital units of exchange.īitcoin is a decentralized cryptocurrencyĪccording to a new study, about 46 million Americans own a share of Bitcoin
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